In a blog post this afternoon, Square’s newly-resigned COO published an open letter explaining why he stepped down. It was a preemptive attempt to distance himself from the company after Square and Rabois were threatened with a messy lawsuit. After having been in a relationship with a man who later began working at Square, Rabois claims he was approached by a New York attorney that alleged the relationship was not consensual, accused him of “horrible things” and demanded millions of dollars to make the situation go away. Rabois says Square did not know about the relationship before the lawsuit was threatened.
[Source: Keith Rabois]